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eToro vs Trading212

The main difference between eToro and Trading 212, is that eToro provides access to copy trading and cryptocurrency trading.

If you are searching for commission-free trading across a range of financial assets, then you may have whittled down your search to these two platforms.

I’ve performed an extensive analysis to identify that as of this time, eToro would be the better platform as whilst their service is almost on par, Trading 212 have suspended the opening of new accounts for UK residents.

Is eToro better than Trading212?

Yes, eToro is better than Trading 212 due to its robust copy trading facilities and the fact that Trading 212 are currently not opening new accounts for UK residents.

etoro vs trading212
eToro logo
Trading 212
Minimum deposit $10Closed to UK customers
VisitVisit

Overall Rating

Platform
Ratings
Overall Rating:
90%
Fees:
90%
Account opening:
100%
Deposit and withdrawal:
70%
Trading platform:
90%
Markets and products:
80%
Research:
70%
Customer service:
70%
Education:
50%
Overall Rating:
90%
Fees:
90%
Account opening:
90%
Deposit and withdrawal:
90%
Trading platform:
90%
Markets and products:
70%
Research:
60%
Customer service:
70%
Education:
80%
ReviewRead ReviewRead Review

Which platform is cheaper: eToro or Trading212?

Fees

Platform
Minimum DepositThe minimum amount required to open an account
$10
£1
Minimum TradeThe minimum amount to trade or buy shares
$1
£10
ETFs FeeFee per ETF trade
0%
0.50%
Investment Trusts FeeFee per investment trust trade
NA
NA
Junior S&S ISA FeeSubscription fee per month and the platform fee
NA
NA
Non Trading FeeFee for not trading in a period
$10 pcm after 1 year inactivity
£0
Stocks & Shares ISA FeeSubscription fee per month and the platform fee
NA
£0
Telephone Dealing FeeFee for trading over the telephone
NA
NA
Withdrawal FeeFee for withdrawing funds from your account
$5
£0

 

Winner: Draw

There are some subtle differences in the pricing structure, however, both these platforms are considered low-cost with zero commission stock and ETFs and low CFD fees.

Whilst Trading 212 have very slightly higher CFD trading fees and Forex trading fees, they do not charge any inactivity or withdrawal fees such as you could expect to be charged at eToro.

Which platform offers the most?

Platforms & Tools

Platform
Android AppAn Android app available in the Google Play store
Copy TradingOffers the ability to copy other traders portfolios
Demo AccountOffers a demo account
iPhone AppAn app available for download from the iOS app store
Islamic AccountDoes the platform offer a sharia compliant Islamic account
MetaTrader 4Offers the MetaTrader 4 trading platform solution
MetaTrader 5Offers the MetaTrader 5 trading platform solution
Social TradingOffers the ability to share your trades on social media
Stock AlertsAbility to set price alerts, volume alerts
Web PlatformOffers a web-based browser trading platform

 

Winner: Trading212

Trading 212 have really covered all the bases with their inclusion of a desktop version of the platform. In addition their platform design, usability and customisation is outstanding with great search functions, alerts, and notifications.

The mobile app is the most downloaded investment app in the UK, suiting both experienced and novice investors.
However, eToro would be a better proposition for anyone seeking to trade from an Islamic account.

Who has the most investments available?

Investments Available

Platform
Auto InvestingAbility to set auto-investing options, usually per month
CFD TradingOffers CFD trading
Corporate BondsOffers corporate bonds
CryptoAbility to buy and sell cryptocurrency
Ethical InvestmentsOffers ethical investment themed funds and ETFs
ETFsAbility to trade ETFs
ForexAble to trade Forex
Fractional SharesAble to buy fractional shares
FundsAble to buy funds
Government Bonds (Gilts)Able to buy government bonds and Gilts
Investment TrustsAble to buy investment trusts
Junior S&S ISAAble to buy a junior stocks and shares ISA
General Investment Account (GIA)Able to buy and sell shares
Spread BettingAble speculate on rising and falling of financial markets
Stocks & Shares ISAAble to buy a stocks and shares ISA

 

Winner: eToro

Again, the competition between these two trading platforms is neck and neck, with eToro pulling slightly ahead due to their access to cryptocurrency trading, low spreads, and its own crypto wallet service.

That being said, for traders who are only interested in trading stocks, Trading 212 have a very extensive selection. In addition Trading 212 would be a better option for investors seeking a tax wrapper for their investments.

Who has the best research?

Research

Platform
Research - SharesHas share trading research available
Research - CFDsHas CFD research available
Research - FundsHas funds research available
Research - ETFsHas research available for ETFs
Research - BondsHas research available for bonds

 

Winner: eToro

There isn’t much to distinguish between the two platforms when it comes to research, although eToro have pulled ahead with their newsfeed.

Whilst this may not be a news feed in the traditional sense, the steady stream of messages posted by eToro users and analysts brings a social media edge to the platform which many users may find more palatable.

Who’s customer service is best?

Customer Service

Platform
PhoneMain phone number for customer services
NA
NA
Live chatHas live chat available
Yes
NA
EmailMain email address for customer services
NA
NA
24/7 AvailabilityAvailable 24/7 for customer services
Yes
Yes
TrustPilot RatingThe TrustPilot rating of the platform
4.2
4.6
TwitterThe Twitter account for the platform
https://twitter.com/eToro
https://twitter.com/trading212/

 

Winner: Trading212

Trading 212 are hard to beat when it comes to customer service. They offer support across all channels 24 hours a day, 7 days a week. The level of service you can expect is very consistent, with helpful staff on hand to answer any questions.

Who offers the best education: eToro or Trading212?

Education

Platform
Share Trading GuidesHas guides on share trading
Funds EducationHas guides on trading funds
Retirement EducationHas guides and education on retirement
PodcastsHas podcasts available
VideosHas videos on education available

 

Winner: eToro

Whilst eToro don’t have the best education available, it is currently available across more channels than Trading 212, in particular webinars.

That being said, Trading 212 do offer good tutorials on how to use the platform and on the basics of trading, which is useful for complete beginners.

Is eToro or Trading 212 better?

These two trading platforms are very similar in their offering with pros and cons to each. However, given that Trading 212 have not been accepting new customers from the UK for a significant amount of time, I would recommend that you consider eToro as an excellent alternative.

FAQs about eToro vs Trading212

Is Trading 212 the same as eToro?

Yes, Trading 212 is the same as eToro when it comes to zero commission trading across Forex, CFDs and stocks. However, there are some subtle differences that I have gone into above.

Is Trading 212 a good idea?

Yes, Trading 212 is a good idea, however, given they are not accepting new UK accounts, eToro is an excellent alternative. 

Best Trading Platform

Join eToro
 

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.